Ep. 325 Continuing the Fractional Reserve Debate in Light of Selgin and White's Response

In BMS ep. 322, Bob criticized a recent interview of George Selgin regarding the lack of historical examples of 100% reserve banking. In this episode, Bob responses to George's pushback (on Twitter) and also Larry White's in-print response to Rothbard's old critique of the Scottish "free banking" episode. Mentioned in the Episode and Other Links of Interest: What started this fiasco: BMS ep. 322 , "Selgin vs. Selgin." Rothbard's critique of Larry White on the Scottish episode (starts p. 859). White's response (chap. 3). John Cochrane on The Narrow Bank . Selgin's contrarian take . Selgin on the history of 100% reserve banks . Block and Barnett on maturity mismatching . Murphy’s journal article critiquing the Selgin/White view of fractional reserve free banking. Murphy's book Understanding Money Mechanics . Help support the Bob Murphy Show.